Ask Question
30 March, 11:34

Determine the effect on the balance sheet after the following transaction. You sell a product purchased for $500 for $1500. This means

+3
Answers (2)
  1. 30 March, 12:55
    0
    You have made a profit of 300% (500=100% therefore 500*3=1500 = 300%)

    You have also made £1000 profit
  2. 30 March, 13:13
    0
    You gained $1000 dollars from over pricing an item. Therefore you made profit which the sum was $1000.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Determine the effect on the balance sheet after the following transaction. You sell a product purchased for $500 for $1500. This means ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers